Nordstrom

Nordstrom family members are close to choosing private equity firm Leonard Green & Partners to help fund a buyout of the Seattle-based fashion retailer that bears their name, CNBC reported, citing people familiar with the matter.

Leonard Green would provide the Nordstrom family members with about $1 billion in equity to help fund the deal, CNBC reported Tuesday.

In early June the company disclosed family members were considering a bid to take the company private.

The Nordstrom family members — company co-Presidents Blake Nordstrom, Peter Nordstrom and Erik Nordstrom; President of Stores James Nordstrom; Chairman Emeritus Bruce Nordstrom; and Anne Gittinger,...

Related "Nordstrom" Articles

Nordstrom family members are close to choosing private equity firm Leonard Green & Partners to help fund a buyout of the Seattle-based fashion retailer that bears their name, CNBC reported, citing people familiar with the matter.
Leonard Green would...

Nordstrom is opening up a store that doesn't have any inventory.
The luxury department store chain says its Nordstrom Local concept store will open in Los Angeles next month.
The Seattle-based company says the store will be staffed with personal...

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Amazon sold mostly books....

A 23-year-old Chicago woman has been released from the noncompete agreement over which she sued Nordstrom's Trunk Club last month, but her lawyer — who's also her father — said the lawsuit will continue as he seeks to represent other workers of the...

Being the world's most valuable public company has its privileges, like getting almost all the credit for the latest stock market milestone. Apple made its biggest jump in six months Wednesday, helping send the Dow Jones industrial average above 22,000...

Nordstrom's Trunk Club has been sued by a former employee who complains that the personal styling service makes even entry-level workers sign highly restrictive noncompete agreements, making it difficult to take jobs with "nearly any" other retail,...

Ever since Amazon made its blockbuster bid for Whole Foods last week, there's been speculation over what the e-commerce powerhouse is going to try and buy next.
Chicago-based Grubhub, the online restaurant delivery service? Nordstrom department stores?...

Members of the Nordstrom family including co-presidents Blake, Peter and Erik Nordstrom are considering making an offer to buy out the 70 percent of the department store's stock they don't already own.
Nordstrom Inc. says Thursday that the group also...

Finding the perfect pair of jeans is by far the most daunting and time-consuming task. We have all had those moments when we go into the fitting room with several pairs of jeans, only to come out empty-handed.
The issues are endless: Either the fit is...

J.C. Penney is joining its department store rivals in pruning its store numbers in an era of online shopping.Penney said Friday that it will close 130 to 140 stores as well as two distribution centers over the next several months as it tries to improve...

Twenty-four hours before taking the oath of office, President Trump strutted into the presidential ballroom of the Trump International Hotel to toast congressional leaders, top donors and the people he had picked to fill out his Cabinet.
Trump joked that...

Twenty-four hours before taking the oath of office, President Trump strutted into the presidential ballroom of the Trump International Hotel to toast congressional leaders, top donors and the people he had picked to fill out his Cabinet.
Trump joked...

Sears Holdings pushed back Monday against reports it had joined retailers dumping merchandise carrying the Trump name.
Last week, Sears removed 31 Trump Home items from the Sears and Kmart online stores. But customers still can find Trump Home and Ivanka...

Traditionally, workers hoping for a pay raise, better job security or improved benefits would work hard, innovate, embrace new ideas and push to make their company more profitable.
But now there's an easier way to reach those goals: Just get the...

President Trump staged another tweet attack on an American corporation on Wednesday, this time raking Nordstrom Inc. for the supposed crime of dropping his daughter Ivanka’s fashion line.
At about 10:51 a.m. New York time, Trump tweeted, “My daughter...

Thanksgiving Day is around the corner, and that means the launch of the holiday shopping season — or does it?
In recent years, some major retailers looked to get a jump on holiday sales, which traditionally began on Black Friday, by opening their...

Macy's wrapped up a weak fiscal year on an encouraging note, but the nation's largest department store retailer still sees challenges ahead.
Macy's, which also operates Bloomingdale's stores, reported a 31 percent decline in fourth-quarter profits,...